Sodipe, O. A. and Ogunrinola , I. O
Employment and Economic Growth Nexus in Nigeria.
International Journal of Business and Social Science, Vol. 2 (No. 11).
This paper examines the employment and economic growth relationships in the Nigerian economy. A simple model of employment was formulated and estimated using the Ordinary Least Squares technique before and after the time series data used for the study were corrected for non-stationarity using Hodrick-Prescott filter. The result of our econometric analysis shows that a positive and statistically significant relationship exists between employment level and economic growth in Nigeria while a negative relationship was observed between employment growth rate and the GDP growth rate in the economy. We concluded the paper by advocating for increased labour-promoting investment strategies that will help to reduce the high current open unemployment in Nigeria. Key Words: Employment, Economic growth, Employment Elasticity.
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